Allseas to remove 35,300 tonnes of topsides and jackets from North Sea
DecommissioningPRESS RELEASE – Allseas has been contracted to remove a total of 35,300 tonnes in topsides and jackets from the Norwegian North Sea. Platform preparations are scheduled to commence later this year and part of...Read more
Aker Solutions could temporarily lay-off up to 6,650 employees
OffshoreAker Solutions might temporarily lay-off as much as 6,650 of its 16,000 employees. The company has also initiated an early retirement program and frozen all salaries including that of executive management. “The first months of...Read more
Australia’s largest LNG producer slashes expenditure in half
LNGWoodside, Australia’s largest LNG producer, is slashing its total expenditure for 2020 in half and is deferring final investment decisions on a number of major development projects. With cost pressure in the market evaporating, Woodside...Read more
Van Oord had tough 2019, prepares for “another challenging year”
OffshoreVan Oord has had a tough year in 2019 with rising debt and lower revenue and profit as a result of the difficult dredging market. Confronted with the coronavirus, “2020 looks set to be another...Read more
“Double-edged crisis could lead to catastrophic job loss”
Oil & GasThe British oil industry is sounding the alarm warning that the oil price war and Covid-19 could drive the North Sea oil and gas industry over the cliff edge, putting tens of thousands of offshore...Read more
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows. In pre-coronavirus...Read more
Pioneering Spirit tests new 5,000-tonne crane
OffshorePRESS RELEASE – Allseas is ramping up the final performance tests of Pioneering Spirit’s new 5000-tonne crane as the final phase of commissioning nears conclusion in Rotterdam’s Alexiahaven. This week, the main hoist overload test...Read more
Video: Pioneering Spirit’s new Jacket Lift System explained
Heavy-liftingAllseas’ record-breaking construction vessel Pioneering Spirit will soon be able to remove and install jackets weighing up to 20,000 tonnes in a single lift. Systems and parts of the new Jacket Lift System are taking...Read more
Tidewater to dispose of nearly 50 vessels this year
Oil & GasOffshore supply vessel operator Tidewater plans to dispose of 46 vessels in an attempt to improve its balance sheet. Despite improving market conditions and a 20% hike in revenue, the company recorded a net loss...Read more
SURVEY: Last chance to win 2 VIP tickets for the Project Cargo Summit 2020
Survey2020 has started tumultuous with rising fuel costs, weaker freight rates and the unexpected coronavirus outbreak. To report on these developments as accurately as possible and have a better understanding of what keeps our readers...Read more
Heerema installs first Qatar-made topside
Oil & GasPRESS RELEASE – Heerema’s Aegir vessel has completed the installation of the 4,000-tonne jacket and topside for Qatargas’ North Field Bravo Living Quarters Expansion project. “The project itself was a historic milestone for Qatar, with the...Read more
Maersk Decom wins first “end-to-end” decommissioning contract
DecommissioningPRESS RELEASE – Maersk Decom has won its first complete end-to-end plugging and abandonment decommissioning contract since the joint venture was established in 2018. The contract was awarded by Tullow Oil and concerns the Banda...Read more
Blue Water Shipping continues Caribbean expansion
PRESS RELEASE – Blue Water Shipping is opening a new office in Trinidad and Tobago to further service the growing oil and energy sector in the Caribbean and the north-eastern region of South America. “We see a...Read more
Saipem secures new offshore contracts worth USD 500 million
Offshore constructionPRESS RELEASE – Saipem has been awarded several EPCI contracts in various countries around the world with a total value of USD 500 million. The first EPCI contract has been awarded by Saudi Aramco in...Read more
Global Marine Group sold for USD 250 million
Offshore windPRESS RELEASE – Investor HC2 Holdings and Fugro have sold offshore engineering specialist Global Marine Group to private equity firm J.F. Lehman & Company for a sum of USD 250 million. Global Marine Group is made...Read more
Blue Water Shipping targets growing oil industry in Guyana
Oil & GasBlue Water Shipping has opened a new project logistics office in Guyana expecting to profit from the growing oil & gas industry in the region. “We see an increasing demand for complete project management”, says...Read more
Fred. Olsen Windcarrier completes first-ever decommissioning contract
DecommissioningFred. Olsen WIndcarrier has completed its first-ever decommissioning contract with the removal of Perenco UK’s Tyne and Guinevere gas platforms, which were stationed in the Southern North Sea. The offshore work commenced in December 2019 and...Read more
Equinor will spend EUR 5 billion to cut emissions with 40% by 2030
SustainabilityEquinor has launched a new climate initiative to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero...Read more